Any relief we would have been seen in financial stocks was knocked down by a solid PPI reading and by more worries about banking stocks. We also saw a report from The Federal Reserve reporting that industrial productions fell by -0.2% in May, and plants were running at the lowest capacity in almost three years at 79.4%. As you'd expect, we also saw a decline of -3.3% in new housing starts to an annual rate of 975,000, and that represented more than a 10-year low. These are the unofficial closing bell levels for major US index levels:

• DJIA 12159.65 (-109.43)
• S&P500 1350.90 (-9.24)
• NASDAQ 2457.73 (-17.05)
• 10YR T-NOTE 4.225% (-0.02%)
• 52-WEEK LOWS
• Top 10 Analyst Calls

And the best news of all may be if you believe T. Boone Pickens comment that oil speculators aren't helping the increase in oil prices.


Alcatel-Lucent (NYSE: ALU) managed to stay up all day and shares were up 4% at $7.00 after the company's $1 billion award from China last night.

Best Buy Co., Inc. (NYSE: BBY) also saw a better than expected earnings report and strong guidance for the economy, but Wall Street focused on those negative metrics we addressed. Shares were down by over 5% at $43.44 in the final minutes today.

Capstone Turbine Corporation (NYSE: CPST) continued its surge because of that understated backlog from last week. Shares were up 7% at $4.09 in the final minutes today.

Goldman Sachs Group, Inc. (NYSE: GS) saw a surge in the price of its stock at the open and pre-market after it beat earnings estimates, but shares were down by 1.25% at $179.81 in the final minutes after the weakness in the sector today.